For the first time since Sun Life Financial began surveying retirement expectations in Canada, the number of Canadians who expect to be working full-time past age 65 has now surpassed those who believe they will be fully retired.

As many as 60% of Canadian workers now expect to work either full-time or part-time when they retire, compared with 27% who expect to be fully retired.

The top three reasons why employees think they’ll be working past 65 include the need to earn enough to cover basic living expenses (21%), disbelief that government pensions will be enough to live on (18%) and the need to earn enough money to live well (16%).